TCS

Indian IT giant TCS reports Q4 sales up 9.7% YoY to $7.63B, net profit up 12.2% to $1.48B, both above est., and says new AI models did not hurt services demand

Indian IT giant TCS reports Q4 sales up 9.7% YoY to $7.63B, net profit up 12.2% to $1.48B, both above est., and says new AI models did not hurt services demand

Tata Consultancy Services (TCS.NS) reported better-than-expected quarterly results on Thursday and said that new artificial intelligence models …

India-based Tata Group signs OpenAI as its first data center client, starting with 100MW of capacity, and plans to deploy ChatGPT Enterprise, starting with TCS

OpenAI has partnered with India's Tata Group to secure 100 megawatts of AI-ready data center capacity in the country, with plans to scale to 1 gigawatt.

Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business

Tata Consultancy Services is buying U.S.-based Salesforce Summit Partner Coastal Cloud for $700 million to boost its global presence and AI business.

Indian IT giant TCS cut 19,755 jobs in the quarter ended September 30, as strained US relations and a rapid shift to AI reshape India's $280B IT services sector

Harshita Swaminathan / Bloomberg :

Internal memo: Indian IT services giant TCS forms a new unit for AI-based operations and names Amit Kapur, who led TCS' UK and Ireland business, as its chief

Sai Ishwarbharath B / Reuters :

Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years

Experts say TCS' decision to cut 12K jobs signals the start of an AI-fueled trend that could eliminate ~500K jobs in India's $283B IT sector within three years

Indian software services provider Tata Consultancy Services plans to cut 2% of its global workforce, or about 12,000 employees, by March 31, 2026

In an interview with Moneycontrol, TCS CEO K Krithivasan described the decision as one of the toughest he has faced, calling it a necessary step to build a stronger, future-ready company.

India's top IT firms, TCS, Infosys, and Wipro, are facing their steepest growth slowdown in years amid global economic uncertainty and geopolitical challenges

Manish Singh / India Dispatch :